This property looks like a bad Airbnb investment with a projected -19.36% first-year return on $199k initial cash invested.
-19.36%
Cash On Cash
1.85%
Cap Rate
0.31
DSCR
$4,826
Rent
-$3,210
Cashflow
Cash Flow
$4,826 income − $8,036 expenses = $3,210 out of pocket
Investment Breakdown
|
Purchase Price
$862k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,618
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,826
Total Expenses
$8,036
Mortgage P&I
90%
$4,345
Property Taxes
22%
$1,077
Home Insurance
6%
$298
HOA
0%
$0
Property Management
15%
$724
CapEx
4%
$193
Vacancy
0%
$0
Maintenance
4%
$193
Other
25%
$1,206